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NewsCoker Publishes Latest Book: Starting, Buying, and Owning the Medical PracticeDecember 13, 2011Whether establishing a solo practice, joining a group, or purchasing an existing practice, this comprehensive resource from the American Medical Association (AMA) provides in-depth information on the fundamentals of strategic practice management and future planning for the medical practice. Starting, Buying, and Owning the Medical Practice tackles options, challenges, and trends related to business and practice management. It can help strengthen your position, whether you seek stability or growth, by outlining strategic options and alternatives available to help determine the most appropriate models and methods for use in your practice.
Click here to order your copy from AMA today! CMS Releases Final Rule on Accountable Care OrganizationsOctober 21, 2011The Centers for Medicare and Medicaid released the final rule for Accountable Care Organizations on Thursday, October 20, 2011. In a press release, CMS summarized the two initiatives that were launched: The Medicare Shared Savings Program will provide incentives for participating health care providers who agree to work together and become accountable for coordinating care for patients. Providers who band together through this model and who meet certain quality standards based upon, among other measures, patient outcomes and care coordination among the provider team, may share in savings they achieve for the Medicare program. The higher the quality of care providers deliver, the more shared savings the providers may keep. The Advance Payment model will provide additional support to physician-owned and rural providers participating in the Medicare Shared Savings Program who also would benefit from additional start-up resources to build the necessary infrastructure, such as new staff or information technology systems. The advanced payments would be recovered from any future shared savings achieved by the Accountable Care Organization. Download the complete ACO final rule at www.cokergroup.com Coker Group Expands Consulting Division with Acquisition of Established Executive Search FirmApril 08, 2011Coker Group is excited to announce the expansion of its Consulting Services division with the acquisition of a significant interest in Nagle & Associates, an established healthcare executive search firm. This acquisition combines Coker Group's more than two decades of assisting healthcare clients with Nagle & Associates' well-known and respected reputation for unparalleled customer service. Nagle & Associates President Chip Nagle stated, "The values and culture of Coker Group are closely aligned with our own. I think this partnership should not only allow for the future growth of our search practice, but also for Coker Group and its consulting services as a whole. The sum should certainly be greater than the parts in this case."
Coker Group will draw on the acquired company's deep expertise in executive search and organizational development. This will assist clients improve the quality of their hiring decisions and achieve excellence in not only leadership selection but also in the organizational assimilation and subsequent retention of the chosen professional.
President and CEO of Coker Group Max Reiboldt said, "I am very excited to add someone of Chip's experience and reputation to the Coker family! While we have successfully operated executive recruitment services for some time at Coker, never have we had such a leader in this area. Nagle & Associates should truly take us to the next level." CMS Publishes ACO RegulationsMarch 31, 2011Today, the Centers for Medicare and Medicaid published the ACO regulations. Join Coker Group in a special edition of Coffee with Coker to review highlights. Click here to register! Coker Publishes Latest Book: Complete Guide and Toolkit to Successful EHR AdoptionFebruary 25, 2011Regardless of where you are in your journey on the road to EHR , the Complete Guide and Toolkit to Successful EHR Adoption will walk you through the process in a practical, easy-to-follow way, with proven strategies to ensure success. An EHR transformation will touch virtually every aspect of your practice and bring about an entirely new way of thinking and doing business. The benefits far outweigh the cost of doing nothing, which includes the risk of becoming technologically isolated from consumers, payers, and others in the health care community. While no system is perfect, and no time will ever be the perfect time to adopt EHR, most agree that health care must be automated to meet future challenges. This book provides you with the information necessary to be successful with EHR adoption and optimization. As a roadmap for EHR adoption, implementation, and maximization for the ambulatory setting, this classic HIMSS book offers a legend for how to:
Your practice cannot afford to get lost or stall out along the way. Click here to order your copy from HIMSS today! Accountable Care Organizations: Learn Today What Work TomorrowJanuary 31, 2011We invite you to join an audio conference provided by Greenbranch Publishing and hosted by Coker Group's Max Reiboldt on Thursday, February 10.
One thing is certain - change is inevitable. How we prepare, accept, and adjust to change determines our ability to survive and thrive, especially in today's climate. Invest 90-minutes of your time to hear Max Reiboldt, President/CEO at Coker Group, discuss methods of adaptation in a shifting marketplace that is moving from a unit-based revenue model to one that rewards accountable and reliable outcomes. This program will provide insight into the future of the ACO, opportunities that this model offers, the long-term strategic decisions that must be made, and the role the physician and non-clinical staff members play in the success of an ACO.
Tune in on February 10th to:
For more information and to register, please click here! Coker Publishes Latest Book: Financial Management of the Medical PracticeJanuary 05, 2011
An invaluable tool designed for successful financial management and planning in the medical practice, Financial Management of the Medical Practice, third edition, simplifies the financial planning process while establishing a foundation for making informed decisions in developing and maintaining financial systems to ensure a profitable practice. Organized in two parts, the first section provides practical and operational guidelines including controlling expenses, establishing internal controls and safeguards to avoid fraud, and developing and maintaining a budget. Section two focuses on strategic aspects of financial management, such as alignment strategies, merging practices, capitalization, compensation, and ancillary services. Financial Management of the Medical Practice is a valuable educational resource that helps you determine the most appropriate models and methods to be profitable. It applies best practices, identifies current trends, and examines savvy processes that will give you greater control of your practice's financial performance, even in the midst of healthcare reform and economic downturn. Click here to order your copy today from the AMA bookstore! Federal VA Judge Declares Obama Health Care Reform UnconstitutionalDecember 13, 2010Today the Associated Press reports that a federal judge in Virginia declared the Obama administration's healthcare reform law unconstitutional, stating the government cannot require Americans to purchase insurance. U.S. District Judge Henry E. Hudson is the first federal judge to rule against the law. The Obama administration is expected to file an appeal and the case will likely end up at the Supreme Court. To read more about this story, please visit the Associated Press website by clicking here. Medicare and Medicaid Extenders Act of 2010December 08, 2010On Tuesday, Senate Majority Leader Harry Reid (D-Nev.), Minority Leader Mitch McConnell (R-Ky.), Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa) introduced legislation that would extend through 2011 a fix to the Medicare physician payment formula. The bill, the Medicare and Medicaid Extenders Act of 2010, would avoid a 25% cut to Medicare physician payments that are scheduled to go in effect January 1, 2011. The bill also includes extensions of other healthcare provisions such as Transitional Medical Assistance (TMA), which allows low-income families to maintain coverage as they transition into employment and the Special Diabetes program that funds research and treatment initiatives. Other provisions extend the qualifying individual (QI) program allowing Medicaid to pay Medicare part B premiums for low-income beneficiaries and the ambulance add-ons that extend the increased Medicare rates for ambulance services, including rural areas, through the end of 2011. Both the summary and full legislative text of the Medicare and Medicare Extenders Act of 2010 are available by clicking here. Coker Publishes Latest Book: Reimbursement ManagementNovember 19, 2010Understanding the reimbursement process is vital to today's practice. With the continuous addition of new rules and regulations, the reimbursement process has become ever more complicated. Newly developed, Reimbursement Management will help the medical practice understand the entire reimbursement system, and teach the user how to obtain the fullest reimbursement of claims possible and avoid allegations of improper claims. Useful to both the seasoned professional and the newest addition to the medical practice, Reimbursement Management will help the user become familiar with the reimbursement process and build confidence when handling reimbursement issues. Important issues contained in this book include:
Click here to order your copy today!
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